Preole Lompany manutactures one product. its variabie manutacturing overhead is appliec to production oased on cirect labor-hours and its standard cost card per unit is as follows: The company also established the following cost formulas for its selling expenses: The planning budget for March was based on producing and selling 19,000 units: However, during March the company actually produced and sold 24,000 units and incurfed the following costs: a. Purchased $60,000 pounds of raw moterials at a cost of $7.20 per pound. All of this moterial was used in production. b. Direct-laborets worked 60,000 hours at a rate of $15.00 per hour. c. Totol variable manufocturing overhead for the month was $336,600 d. Total advertising, sales sataries and commissions, and shipping expenses were $260,000,$480,000, and $5165,000. respectively. Foundational 9-3 (Algo) 3. What is the moterials price variance for March? (Indicate the effect of each variance by selecting "F" for favorable, "U" for unfovorable, and "None" for no effect (l.e., zero variance.). Input the amount as a positive value)